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News for: Interest Rates
Aug 1, 2025 12:23 PM
— Interest Rates
Mortgage Rates Instantly Drop to 4 Month Lows After Jobs Report
The jobs report for the month came in weaker than expected, with revisions removing 253k jobs from initially reported numbers. This led to rates improving as weaker economic data tends to push rates down. The larger than typical revisions indicated a weaker labor market than previously thought, causing rates to fall. 30yr fixed rates fell an eighth of a point, reaching their lowest levels since ea... more
Jul 31, 2025 1:23 PM
— Interest Rates
What Does July's Data Suggest About Friday's Jobs Report?
The article discusses a table consolidating results of economic reports and NFP precedents to predict the likelihood of NFP moving higher or lower in tomorrow's data. Credit is given to BMO's US Rates Strategy desk for the concept and data collation. The table shows the percent of previous July payroll counts beating, missing, or matching the forecast.
Jul 30, 2025 3:24 PM
— Interest Rates
Pulte takes issue with Powell statement on Fed housing role
Housing regulator Bill Pulte expressed frustration with Federal Reserve Chairman Jerome Powell's decision to keep short-term rates unchanged. Leading lenders hinted at serious accusations in a lawsuit involving the departure of nearly two dozen employees. Habib criticized Powell in a LinkedIn post and was later placed on the Fannie Mae board. The industry leader faced a rare theft of trade secrets... more
Jul 30, 2025 2:24 PM
— Interest Rates
Markets Expected More Dovishness From Powell
The article discusses how AM data was mixed, with GDP stronger but with lower domestic demand numbers. PCE prices were revised higher, raising the risk of higher inflation. Fed Chair Powell's press conference did not provide any indication of rate cuts, leading to lower odds for near-term cuts in Fed Funds Futures. This led to a modest impact on bonds, with yields remaining relatively flat overall... more
Jul 30, 2025 2:23 PM
— Interest Rates
Powell: 'Many, many uncertainties' remain for tariff impacts
Federal Reserve Chair Jerome Powell is still assessing how higher tariffs will impact the economy. Some officials predict no rate cuts this year while others expect one cut. The 30-year fixed rate has remained steady, potentially creating stagnation in the housing market. Leading lenders are facing accusations in a lawsuit related to the departure of numerous employees.
Jul 30, 2025 12:37 PM
— Interest Rates
Fed keeps interest rates unchanged for fifth-straight time
The Federal Reserve decided not to cut rates at this time despite some disagreement within the board. Some economists are seeing a return of a 'K-shaped economy'. Traders' expectations of a rate cut decreased slightly. Powell emphasized the difficulty of gauging the impact of tariffs on inflation and highlighted the importance of timing rate cuts correctly. If economic conditions weaken, the Fed m... more
Jul 30, 2025 11:23 AM
— Interest Rates
4 ways the Fed's decision to hold interest rates steady will impact your wallet
The Federal Reserve decided to keep rates steady, impacting how much Americans pay for homes, credit cards, and cars. Mortgage rates are likely to stay stable, auto loan rates will remain unchanged, and credit card rates will also stay high. Investors are looking ahead to the September meeting, with expectations of rate cuts in the coming months.
Jul 30, 2025 11:23 AM
— Interest Rates
Bank of Canada signals possible cuts ahead, but holds key policy rate steady for now at 2.75%
The Bank of Canada decided to keep the overnight interest rate steady at 2.75 per cent due to uncertainty related to U.S. trade tensions. Governor Tiff Macklem mentioned resilience in the Canadian economy and factors that would lead to future interest rate cuts. Economists had mixed views on the BoC's next moves, with some expecting a cut in September. The BoC's new Monetary Policy Report outlined... more
Jul 30, 2025 11:23 AM
— Interest Rates
Fed holds interest rates steady: What that means for car loans, credit cards, mortgages and more
The Federal Reserve has decided to keep its key benchmark rate steady, delaying any rate cuts until at least September due to uncertainty and inflation risks posed by Trump's tariff agenda. Credit card interest rates remain high, with mortgage rates, auto loan rates, and student loan interest rates also elevated. Savings rates, however, remain above average as they are correlated to the federal fu... more
Jul 30, 2025 10:08 AM
— Interest Rates
Bank of Canada signals possible interest rate cuts ahead, but holds key policy rate steady for now at 2.75%
The Bank of Canada decided to hold its interest rate unchanged in response to ongoing pressures on underlying inflation, trade uncertainties, and the fluidity of the trade situation with the U.S. Economists are divided on whether there will be a rate cut in September. The housing market is expected to remain stable, and mortgage rates are predicted to be in the low to mid 4 percent range for new m... more
Jul 30, 2025 9:23 AM
— Interest Rates
What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
This article discusses how the central bank's interest rate stance can impact various financial products such as car loans, credit cards, mortgages, savings accounts, and student loans.
Jul 29, 2025 2:23 PM
— Interest Rates
The Fed is expected to hold rates steady as Trump pushes for a cut
The Federal Reserve is expected to leave interest rates unchanged despite President Trump's desire for lower rates to boost the U.S. economy. Inflation concerns, tariff impacts, and potential inflation resulting from trade policies are factors weighing on the Fed's decision. The Fed's key rate does not directly impact mortgage interest rates, which are influenced by factors such as the yield on 10... more
Jul 29, 2025 12:24 PM
— Interest Rates
Mortgage Rates Moving Down Again
After staying flat for three days, average 30yr fixed rates began to move lower again on Tuesday. The bond market improved throughout the day, leading to a potential further decrease in rates for tomorrow. However, the bond market could shift in either direction tomorrow morning, with potential volatility from economic reports and the Fed announcement in the afternoon.
Jul 29, 2025 8:24 AM
— Interest Rates
Trump urgently wants Jerome Powell to cut interest rates. That won't happen this week, economists say.
President Trump requested the Federal Reserve to lower interest rates, but it's unlikely to happen at the upcoming decision. Fed Chair Powell is cautious about rate cuts due to solid economic conditions and the potential impact of tariffs on inflation. While some FOMC members believe it's time to cut rates, the chances of a rate cut are very low. Experts expect the Fed to hold off on cutting rates... more
Jul 29, 2025 2:00 AM
— Interest Rates
While the Fed kept its benchmark unchanged, here's what happened to consumer borrowing rates
The Federal Reserve is expected to keep its key short-term interest rate unchanged this month. This rate affects borrowing and savings rates for consumers. Credit card rates have slightly decreased, auto loan rates have seen little movement, and mortgage rates have hovered between 6.6% to 7.1%. President Trump believes higher rates are hindering economic growth, but experts say a rate cut may not ... more
Jul 25, 2025 3:00 AM
— Interest Rates
Federal Reserve likely to hold interest rates steady despite pressure from Trump. Here's what that means for your money
President Donald Trump and Fed Chair Jerome Powell are at odds over interest rates, with Trump advocating for a sharp decrease to stimulate economic growth. The Fed has held off on rate cuts due to uncertainty and inflation risks posed by Trump's tariff agenda. While the fed funds rate has remained steady, mortgage rates are not directly linked to the Fed and remain high due to concerns over tarif... more
Jul 24, 2025 11:00 AM
— Interest Rates
Trump says cutting interest rate will make homebuying cheaper. It's not that simple
President Trump blames Federal Reserve Chair Jerome Powell for high home prices, arguing that the Fed should lower interest rates to help people afford homes. However, Robert Reich warns that lowering interest rates may not necessarily make mortgages cheaper, as it could affect the Fed's credibility in fighting inflation. Reich also points out that a rush of demand due to interest rate cuts could ... more
Jul 22, 2025 5:01 PM
— Interest Rates
Pennymac profit jumps 79% despite hedge losses
Pennymac had a more productive second quarter but faced financial losses due to hedging results during early spring rate volatility. Multiply Mortgage is offering homebuying perks and securing lower interest rates for employees at certain companies. Four of the nation's homebuilders saw a decline in profitability due to choppy market conditions, including elevated mortgage rates.
Jul 22, 2025 1:00 PM
— Interest Rates
Mortgage Rates Inch Down to 2-Week Lows
Market reacted to Fed Chair Powell ending his term early with only the shortest-term rates improving and most consumer rates, including mortgages, moving higher. Bonds dictate interest rates and the response reversed after Trump said he wasn't planning on firing Powell. Treasury Secretary Bessent's comments supporting Powell helped the rate market react positively. Mortgage lenders slightly lowere... more
Jul 20, 2025 6:00 PM
— Interest Rates
China keeps benchmark lending rates steady as economic growth stays strong
China kept its benchmark lending rates steady amidst weak consumer sentiment and softening growth. The 1-year loan prime rate remains at 3.0% and the 5-year LPR at 3.5%. GDP growth in the second quarter was 5.2%, higher than expected, while retail sales growth in June slowed. Analysts predict economic fundamentals could worsen in the second half of the year, leading to potential further policy eas... more
Jul 19, 2025 3:01 AM
— Interest Rates
Trump Vs. Powell: How Investors Could Come Out As Big Losers In Fed Fight
President Donald Trump is pushing for lower interest rates, but Federal Reserve Chair Jerome Powell is hesitant due to inflation concerns. Trump's introduction of global tariffs and increased deficit spending are expected to raise inflation levels. Powell and the Fed are prioritizing stable prices and maximum employment over Trump's demands for lower rates. Investors are concerned that if interest... more
Jul 18, 2025 11:00 AM
— Interest Rates
What a Trump, Powell faceoff means for your money
Tensions between the White House and the Federal Reserve have escalated, with President Trump criticizing the central bank for not lowering interest rates. Trump argues that high rates are harming the housing market and putting the US at a disadvantage. The Fed has held off on rate cuts due to uncertainties and inflation risks posed by trade policies. Market pricing suggests no rate cut in July, w... more
Jul 16, 2025 12:00 PM
— Interest Rates
Mortgage Rates Mostly Sideways After Dodging Mid-Day Drama
Inflation data released this morning was more favorable for the bond market and interest rates compared to the previous day. Trump discussing firing Fed Chair Powell caused some mid-day drama leading to potential increases in mortgage rates. However, most lenders reversed course as the situation calmed down. The Fed Funds Rate does not directly dictate mortgage rates, and a potential replacement f... more
Jul 15, 2025 1:45 PM
— Interest Rates
Tariffs, Inflation, Recession, Oh My: Top Personal Loan Questions
American consumers are worried about the economy with top financial concerns being inflation, a recession, and interest rates. Uncertainty about tariffs is influencing consumer credit decisions. It's advised to check loan options as national debt may impact personal loan interest rates. Lowering APR on existing debt is recommended, with competitive rates being determined by shopping around. Despit... more
Jul 15, 2025 4:00 AM
— Interest Rates
High-yield savings rates today: July 14, 2025 | Stellar APYs are still on the market, surpassing 4%
President Trump's tariffs have been delayed again, leading to speculation about their impact on the U.S. economy. The Federal Reserve is likely to hold interest rates steady until the tariffs take effect on August 1. High-yield savings accounts are offering attractive APYs, with some banks still offering rates above 4%. The Fed's decision on interest rates is influenced by economic uncertainty cau... more
Jul 14, 2025 12:00 PM
— Interest Rates
Mortgage Rates Just a Hair Higher Ahead of Important Inflation Report
Mortgage rates have remained steady, with slight increases, after a period of overall rising rates. The upcoming release of the Consumer Price Index (CPI) is anticipated to have a significant impact on interest rates, especially considering the potential effects of tariffs on inflation. Depending on the CPI results, rates could either increase further or recover slightly.
Jul 14, 2025 8:00 AM
— Interest Rates
Current mortgage rates report for July 14, 2025: Rates continue to hold steady
The average interest rate for a 30-year, fixed-rate conforming mortgage loan is 6.699% in the U.S. Rates have remained relatively stable, but historically, rates are higher than they have been in the past. Mortgage rates are impacted by economic conditions, federal funds rate, national debt, demand for home loans, and Federal Reserve actions. Shopping around for loans and improving your credit sco... more
Jul 14, 2025 3:00 AM
— Interest Rates
Mortgage and refinance interest rates today for July 14, 2025: Rates remain stagnant before inflation news
Current mortgage interest rates have remained relatively unchanged with the average 30-year fixed rate at 6.63%. The rates may shift after the release of the June Consumer Price Index, influencing Federal Reserve plans on potential rate cuts. Different mortgage rates for fixed, VA, and adjustable-rate mortgages are provided. Factors influencing choosing between a 15-year and 30-year mortgage are d... more
Jul 13, 2025 12:00 PM
— Interest Rates
30-Year Treasury Yield Jumps to 4.96% despite “Solid” Auction, Long End of Yield Curve Steepens, Mortgage-Rate Spread Historically Wide
The 30-year Treasury yield rose despite efforts to keep it down, increasing concerns about inflation and supply absorption in the market. The Fed's rate cuts have led to an increase in the 30-year yield. There is disagreement within the FOMC about rate cuts, and the CPI report may influence future decisions. The relationship between the average 30-year fixed mortgage rate and the 10-year yield is ... more
Jul 12, 2025 7:01 AM
— Interest Rates
Mortgage and refinance interest rates today, July 12, 2025: The 30-year fixed rate holds steady
Today's mortgage interest rates are stagnant, with a 30-year fixed rate standing at 6.63% and a 15-year fixed rate at 5.89%. Locking in an interest rate with a mortgage lender during flat rate periods can be advantageous. It is recommended to choose a lender with a rate buydown option. Mortgage refinance rates are typically higher than rates when buying a house. The 30-year fixed mortgage offers l... more
Jul 11, 2025 11:11 AM
— Interest Rates
Surging rate-and-terms push lock volumes upward
Mortgage lock volumes increased due to a rise in refinance activity, while purchase numbers are still lower potentially due to high mortgage rates. The 30-year fixed mortgage rate rose for the first time in six weeks, driven by strong jobs report and tariff uncertainty. Lenders are offering more products for the spring season, but buyers are hesitant.
Jul 11, 2025 8:00 AM
— Interest Rates
‘Dating the rate’ misled borrowers. Now they’re financially strained
After the pandemic, rising mortgage rates led borrowers to prioritize finding a house they loved over focusing on interest rates, leaving many in long-term relationships with higher rates. Homeowners now face challenges in refinancing and increased monthly payments due to rising taxes and insurance costs.
Jul 9, 2025 7:03 AM
— Interest Rates
Bonds Sticking to Predictable Script So Far This Week
The article discusses how the bond market is often unpredictable when it comes to interest rate movement, but there are certain conditions that can result in somewhat reliable patterns. After a sell-off due to a big data flash point, the market tends to undergo a correction before settling into a sideways range trade while waiting for more meaningful data or events to drive a breakout.
Jul 7, 2025 2:08 PM
— Interest Rates
NY Fed report: Return to zero rates a 'significant' risk
Market concerns remain about a return to zero interest rates despite the Federal Reserve's policy rate being far from its lowest point. Federal Reserve Banks of New York and San Francisco conducted findings on this issue. Additionally, a federal judge rejected defenses by a brokerage selling loans to United Wholesale Mortgage and Rocket Pro TPO, while government-sponsored enterprises are tightenin... more
Jul 2, 2025 10:00 AM
— Interest Rates
Refi applications soar as homeowners seize on lower rates
Last week, homeowners took advantage of low interest rates to refinance their mortgages. Mortgage applications have been rising, with borrowers showing interest in FHA loans and refinancing. A mortgage firm is offering a lower interest rate for one year to borrowers who use their services to refinance. Treasuries fell due to a selloff in the UK bond market, and the industry leader filed a rare the... more
Jun 27, 2025 3:01 AM
— Interest Rates
Researchers find 'surprise' in new mortgage delinquency data
Early- and mid-stage mortgage delinquencies have seen significant yearly increases, indicating possible signs of borrower financial stress. The 30-year fixed rate mortgage is currently below 6.8% for the first time since May, influenced by the movement of the 10-year Treasury rate.
Jun 24, 2025 8:01 AM
— Interest Rates
Top CD Rates Today: June 23, 2025 | Leading Rate Of 4.51% APY Holds Steady
A certificate of deposit (CD) is like a savings account but offers a fixed interest rate for a specific term. Currently, the top APY across CD terms is 4.51 percent for a six-month term. CD rates have trended downward, with the highest one-year CD APY decreasing from 5.66 percent to 4.45 percent. Uncertainty remains about how CD rates will change based on economic conditions.
Jun 24, 2025 8:00 AM
— Interest Rates
Rally Continues as Powell Shows a Path to Rate Cuts
Federal Reserve Chairman Powell's remarks during congressional testimony suggest a potential for rate cuts in the near future if data on tariffs does not show up in June.
Jun 24, 2025 3:00 AM
— Interest Rates
High-yield savings rates today: June 23, 2025 | Best APY remains 4.30% after Fed’s latest rate decision
Federal Reserve officials have decided to keep interest rates steady at a range of 4.25-4.5 percent, which has caused high-yield savings account rates to somewhat stabilize. Several banks are offering competitive rates for high-yield savings accounts. The Fed's rate decision, along with projected rate cuts, could continue to impact interest rates on savings accounts. Savers are benefiting from rat... more
Jun 23, 2025 1:00 PM
— Interest Rates
High rates, prices keep existing home sales muted
Existing home sales in May were slightly stronger than expected but still slower than last year's pace. Median existing home sales price reached a new record high of $422,800. NAR Chief Economist Lawrence Yun stated that lower mortgage rates are needed to boost sales and economic growth. Fannie Mae adjusted its forecast for existing home sales to 4.14 million and predicted 30-year mortgage rates t... more
Jun 23, 2025 12:00 PM
— Interest Rates
Mortgage Rates Lowest Since May 1st
Mortgage rates ended the week at their best levels since May 1st, with a small improvement marking it official. Bond market trading levels played a significant role in these rates, with several factors impacting them such as U.S. involvement in conflicts between Israel and Iran and comments by Fed Vice Chair Bowman hinting at potential rate cuts in July.
Jun 23, 2025 3:04 AM
— Interest Rates
Mortgage pros share tips for riding out volatility
Mortgage lenders are currently experiencing unprecedented levels of volatility driven by geopolitical tensions, trade policy shifts, and global headlines. Despite this, the 30-year fixed-rate mortgage has remained relatively stable since a post-tariff spike. While Agency mortgage-backed securities have slipped since April, the rates are still lower compared to last year. The 30-year FRM has stayed... more
Jun 21, 2025 5:02 AM
— Interest Rates
Underwhelming (But Friendly) Conclusion
This week did not offer much excitement in the mortgage market as rates remained near the lower end of recent ranges. Bond yields initially looked like they may rise, but reversed course after dovish comments from Fed's Waller and a beneficial European close. Overall, rates were moderately weaker overnight, bounced back slightly after morning data, and ended the day in modestly stronger territory.
Jun 19, 2025 6:00 PM
— Interest Rates
China keeps key lending rates steady after May cut as trade deal with U.S. eases growth worries
China kept its benchmark lending rates unchanged after recent monetary easing measures and a trade deal with the U.S. eased growth concerns. The 1-year LPR stayed at 3.0% and 5-year LPR at 3.5%. The trade truce has allowed Beijing to support its currency and reduce pressure on foreign exchange. Chinese policymakers are satisfied with current monetary policy outcomes.
Jun 18, 2025 9:00 AM
— Interest Rates
What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
The article discusses how the central bank's interest rate decisions impact various financial products such as car loans, credit cards, mortgages, savings accounts, and student loans.
Jun 18, 2025 8:02 AM
— Interest Rates
Once Again: Today is Not About a Fed Rate Cut
The Federal Reserve is not expected to cut rates, as the labor market is strong and there is no significant inflation. The market is confident in the Fed's course of action, with focus now on the dot plot and press conference.
Jun 18, 2025 4:00 AM
— Interest Rates
Mortgage demand drops, even as rates fall to the lowest since April
Weak consumer sentiment is impacting the housing market, with a 3% decrease in mortgage applications to purchase a home last week. The average contract interest rate for 30-year fixed-rate mortgages also decreased. Refinance activity declined for both conventional and government borrowers, but VA applications increased. Mortgage rates have not moved much, but there may be more reaction after the F... more
Jun 18, 2025 3:00 AM
— Interest Rates
High-yield savings rates today: June 16, 2025 | Many banks are still offering a top yield of 4.30% APY
The annual inflation rate increased to 2.4 percent in May, potentially leading the Federal Reserve to hold off on cutting its benchmark federal funds rate. High-yield savings accounts offer a safe way to earn interest, with top yields remaining at 4.30% APY as of mid-June. With inflation on the rise, experts expect the Fed to keep interest rates steady, providing more time to assess the impact of ... more
Jun 17, 2025 10:24 AM
— Interest Rates
No Fed rate cut until September at earliest, economists say
Economists surveyed by Wolters Kluwer do not expect the Federal Reserve to cut short-term rates at its upcoming meeting, and only a small percentage of them expect any action to be taken in July. Treasuries slumped after US job and wage growth led to reduced expectations of a rate cut by the Federal Reserve. Despite positive economic data, concerns about the economy's direction persist among consu... more
Jun 17, 2025 8:23 AM
— Interest Rates
The Fed is set to make its next rate decision on Wednesday. Here's what to expect.
The Federal Reserve Bank is expected to keep its benchmark rate steady at 4.25% to 4.5% amidst uncertainty about the impact of President Trump's economic policies, especially his tariffs. The decision is anticipated to be unanimous, with a 97.5% probability of maintaining the current range. While the decision is good news for savers, borrowers can expect high credit card rates, auto loans, and mor... more
Jun 16, 2025 8:00 AM
— Interest Rates
Federal Reserve is likely to hold interest rates steady this week. Here's what that means for your money
Despite political pressure against the Federal Reserve Chair Jerome Powell, the Federal Reserve is expected to hold interest rates steady. Consumers are struggling with high prices and borrowing costs, with credit card rates remaining high even with the Fed on the sidelines. Mortgage rates have not moved much and remain near 6.9%, impacting potential buyers. Auto loan rates are rising due to incre... more
Jun 15, 2025 6:00 AM
— Interest Rates
'It makes sense to be on hold': Why Wall Street strategists think Fed rate cuts aren't coming anytime soon
The article discusses how recent economic data, including inflation moderation and rebounding consumer sentiment, support the Federal Reserve's path towards easing interest rates. However, there is uncertainty regarding the scope and impact of President Trump's tariffs, which could affect the Fed's decision on rate cuts. Market observers are increasingly confident that rate relief is imminent, wit... more
Jun 11, 2025 1:00 PM
— Interest Rates
Mortgage Rates Fall as Inflation Data Comes in Soft
After a calm start to the week, on Wednesday there was increased volatility in the bond market following the release of lower-than-expected inflation data. This led to an improvement in bonds and subsequently lower mortgage rates for consumers. The 10-year Treasury auction also took place, adding some benefit to the market. Mortgage rates are currently back in line with levels seen on June 5th.
Jun 11, 2025 7:01 AM
— Interest Rates
CPI Comes in Low Enough to Help
Today's CPI data showed a monthly core number of 0.1 vs 0.3, leading to a limited response in the market. Despite the lower inflation numbers, Fed Funds Futures did not react much and 10-year yields only dropped slightly before bouncing back.
Jun 10, 2025 1:00 PM
— Interest Rates
Multifamily Delinquencies Are Now Higher than During the Great Recession
Fannie Mae and Freddie Mac report a rise in serious delinquencies in multifamily mortgages in April. Delinquency rates have been increasing since the end of 2022, reaching multiyear highs. The Mortgage Bankers Association also reported an increase in commercial mortgage delinquencies, especially in CMBS. The rise in multifamily delinquencies is likely due to increasing interest rates, making it ha... more
Jun 10, 2025 7:01 AM
— Interest Rates
The Housing Market Just Flipped – Sellers Panicking!
The article discusses the potential impact of rising interest rates on the housing market and mortgage lending. It highlights how higher interest rates can lead to increased mortgage costs for borrowers and potentially slow down the housing market.
Jun 9, 2025 8:00 AM
— Interest Rates
Best CD Rates Today: June 9, 2025 | Top APY Holds Steady At 4.49%
A certificate of deposit (CD) is a savings account with a fixed interest rate for a specific term. The top CD rates have remained steady in June, and upcoming Federal Reserve decisions may provide more stability. Opening a CD requires personal information and funding with at least the minimum balance. CD rates are influenced by Federal Fund rate changes.
Jun 8, 2025 7:00 PM
— Interest Rates
Economist's jumbo $128 RBA interest rate prediction in weeks: 'No need to wait'
Top economists are calling on the Reserve Bank of Australia to deliver a jumbo cash rate cut in July due to weak economic growth and cautious consumer spending. The proposed 35 basis point rate cut would provide additional savings for mortgage holders compared to previous cuts. Economists believe that a larger rate cut is necessary to move the cash rate to a more neutral level and support the econ... more
Jun 5, 2025 3:00 PM
— Interest Rates
How the Trump/Musk dispute could influence mortgage rates
President Trump and Elon Musk's conflict could impact mortgage rates in the future, with minor upticks already seen in response to economic data. Musk's influence on the proposed tax bill and trade talks may have implications for mortgage rates. The Trump administration is pressuring Powell to lower interest rates.
Jun 4, 2025 3:24 PM
— Interest Rates
Big Bond Rally After ADP and ISM
Weak economic data, including ADP Employment and ISM Services reports, led to improvements in rates and yields. The market reacted positively to the data, with MBS and 10yr yields experiencing gains. However, if the upcoming jobs report does not agree with the ISM data, bonds may have to give back some of the gains.
Jun 3, 2025 1:00 PM
— Interest Rates
Uneventful Day For Mortgage Rates
Economic reports, like the Job Openings and Labor Turnover Survey (JOLTS), have the potential to influence mortgage rates. Despite some volatility, the mixed message from the JOLTS report ultimately led to rates staying in line with the previous day's levels.
Jun 3, 2025 8:00 AM
— Interest Rates
Fed and Data Temper Overnight Rally
10yr yields dropped modestly to 4.41. Resistance is expected at these levels if there is no data-based inspiration. We are seeing weakness after stronger job openings figures and hawkish comments from Fed's Bostic.
Jun 3, 2025 3:03 AM
— Interest Rates
High-yield savings rates today: June 2, 2025 | Highest APY remains 4.40% as the Fed prepares its next move
Some Fed officials hint at the Federal Reserve not raising interest rates at the upcoming meeting in mid-June. This stability in rates benefits savers, as high-yield savings accounts are still offering competitive APYs above 4 percent. Online-only banks tend to provide the best yields with minimal deposit requirements. The Federal Reserve's decision on interest rates can impact the future of these... more
Jun 2, 2025 3:00 AM
— Interest Rates
5 Reasons NOT to Overpay Your Mortgage in 2025
The article discusses the impact of rising interest rates on the housing market, including how higher rates could make it more difficult for buyers to afford homes. It also mentions the potential for slower growth in home sales and prices due to rising rates.
May 30, 2025 6:00 AM
— Interest Rates
Ho-Hum PCE Inflation Data Leaves Focus on Month-End Trading
Today's PCE Price Index is a consumer inflation report that is bigger and broader than CPI, but tends to have a smaller reaction in the market due to its staleness and lower surprise potential. Traders are more interested in the inflation narrative over the next 6 months, particularly with tariff policy stabilization and price pressure passing through. Bonds may be influenced by month-end trading ... more
May 30, 2025 3:03 AM
— Interest Rates
Top CD Rates Today: May 29, 2025 | Best APYs Range 4.15%-4.49%
The article discusses the benefits of investing in a certificate of deposit (CD) as a tool for saving money. It highlights the current leading APY rates across different CD terms and the pros of CD investing, such as solid APYs, safety, guaranteed fixed returns, and limited access to funds. It also mentions the recent federal funds rate changes and how they can impact deposit accounts like CDs.
May 28, 2025 3:00 PM
— Interest Rates
Tariff fears drive April auto, mortgage borrowing
Consumers are turning towards big-ticket items due to anticipated impact of tariffs, but overall borrowing levels show a more discerning attitude towards borrowing. The interest rate environment is leading to higher refinance mortgage volume than previously expected for 2025 and 2026. Trump announced that the US government will retain guarantees and oversight over Fannie Mae and Freddie Mac while ... more
May 28, 2025 1:01 PM
— Interest Rates
Mortgage Rates Hold Mostly Steady
Mortgage rates slightly decreased today after rising slightly at the start of the week. Top tier conventional 30yr fixed rates are just under 7% for the average lender. The rates spent 3 days above that mark last week. Today's fluctuation in rates was attributed to traders preparing for an auction of 5yr Treasuries, causing some minor headwinds in the rate market.
May 27, 2025 1:00 PM
— Interest Rates
US housing finance chief tells Powell to lower interest rates
FHFA Director William Pulte urged Federal Reserve Chair Jerome Powell to resume interest rate cuts to improve the housing market and combat inflation caused by trade wars and tariffs. The Fed paused rate cuts in response to post-pandemic inflation and economic uncertainty from trade policies, leading to consumer financing becoming more expensive, including mortgage rates remaining around 7 percent... more
May 26, 2025 7:00 PM
— Interest Rates
FHFA Director Pulte calls on Powell to lower interest rates
FHFA Director Bill Pulte has called on Federal Reserve Chairman Jerome Powell to lower interest rates to improve the housing market. This comes after the Supreme Court ruled that Trump cannot fire the head of the Federal Reserve. The housing market, white house, and treasury secretary are all pushing for lower rates.
May 26, 2025 1:00 PM
— Interest Rates
What Moody's Cutting U.S. Credit Rating Means For You
Moody's Corp. lowered America's sovereign debt rating to Aa1 due to factors such as high debt, rising interest costs, looming tax cuts, and political gridlock. This downgrade could lead to higher borrowing costs, as seen with increased Treasury yields and a rise in average 30-year fixed mortgage rates. The downgrade also impacted bond prices, stock markets, and raised fears of de-dollarization. Wh... more
May 25, 2025 1:00 PM
— Interest Rates
Best high-yield savings interest rates today, May 25, 2025 (best accounts offering 4.44% APY)
The Federal Reserve cut its target rate three times in late 2024, leading to a decrease in savings interest rates. The national average savings rate is currently 0.42%, with the highest rate available being 4.44% APY. The article discusses how the amount of interest earned on savings depends on the APY and the compounding frequency. It also provides information on high-yield savings accounts, CD r... more
May 25, 2025 5:00 AM
— Interest Rates
30-Year & 20-Year Treasury Yields Back over 5%, 10-Year over 4.5%, Yield Curve Steepens at Long End, Mortgage Rates Back over 7%
The article discusses the rise in Treasury yields, the impact on bond prices, the current mortgage rates, and the factors affecting the bond market. It highlights the increase in 30-year fixed mortgage rates above 7% for the last few days and how these rates have fluctuated over the years. It also touches on the concerns around rising inflation, the actions of the Fed, and the growing deficit, all... more
May 22, 2025 11:00 AM
— Interest Rates
Mortgage rates rise as Trump floats taking Fannie and Freddie public
Rates for 30-year fixed-rate mortgages increased slightly to 6.86% in the week ending May 22. Concerns about fiscal policy proposals and the potential public offering of Fannie Mae and Freddie Mac are contributing to an uncertain rate environment, impacting the housing market.
May 21, 2025 3:01 AM
— Interest Rates
Majority of rates increase on U.S. debt downgrade - Current mortgage and refinance rates for May 20, 2025
Average mortgage rates have increased for 30-year fixed, 15-year fixed, and jumbo mortgages, while 5/1 ARM rates have fallen. The Federal Reserve decided to hold its benchmark rate steady, but there are indications that a rate cut may be imminent due to calming inflation. Experts predict that rates will remain within a narrow range for most of 2025, with a slight downward trend. Mortgage rates are... more
May 20, 2025 2:00 PM
— Interest Rates
What Moody's U.S. Credit Downgrade Means for Your Wallet
Moody's downgraded the U.S. credit rating due to an increase in government debt, which could lead to higher interest rates for consumers and an uptick in inflation. The federal debt is currently at $36.22 trillion and is expected to rise further with President Trump's proposed tax and spending bill. As a result of the downgrade, Treasury bond yields and mortgage rates have already started to incre... more
May 20, 2025 4:00 AM
— Interest Rates
What America's Latest Credit Downgrade Means For Mortgage Rates
Moody's downgrade of the U.S. sovereign credit rating is expected to result in higher borrowing costs on mortgages as yields on 10-year treasuries, which impact mortgage rates, are sensitive to credit downgrades. The average rate on a 30-year fixed mortgage has already been hovering around 7% this year.
May 20, 2025 2:00 AM
— Interest Rates
China cuts key mortgage rate to spur property market. Is a rebound in sight?
China slashed a key reference rate for mortgage loans by 10 basis points in an effort to stabilize the property market, but analysts believe the cut may not be enough to revive the struggling sector. This action is part of broader efforts to revive China's real estate sector, which has been a persistent drag on the economy.
May 19, 2025 6:00 PM
— Interest Rates
China cuts benchmark lending rates for the first time in 7 months in Beijing's growth push
China cut its key lending rates by 10 basis points in an effort to boost its economy amidst easing trade tensions and a stronger yuan. This marked the first rate reduction since October. The rate cuts aim to lower key lending rates, with the 5-year LPR serving as a benchmark for mortgage rates. Further rate cuts are expected by the end of the year. The stimulus measures announced by Beijing includ... more
May 19, 2025 3:00 PM
— Interest Rates
Mortgage rates climb back above 7% after Moody's U.S. debt downgrade
The average interest rate for a 30-year mortgage rose above 7% after Moody's downgraded the U.S. credit rating due to growing debt levels. Mortgage rates have remained high despite Fed rate cuts, tracking the 10-year Treasury bond. Market reactions to the downgrade caused stock and bond prices to fluctuate. Analysts expect limited market impact from the downgrade but anticipate elevated mortgage r... more
May 19, 2025 2:00 PM
— Interest Rates
High-Yield Savings Rates Today: May 19, 2025 | Top Rate Remains At 4.40% APY
The article discusses how the U.S. stock market is recovering from losses, with inflation rates slightly lower than anticipated. It highlights the importance of high-yield savings accounts offering APYs above 4 percent to combat inflation. The Federal Reserve's unchanged interest rates have helped keep savings account yields high, with some accounts offering APYs of 5 percent or higher. Savers are... more
May 19, 2025 11:01 AM
— Interest Rates
Lenders feel better, not exuberant, about housing market
The Mortgage Bankers Association forecasts slightly lower volume for 2025, with a 14% increase in the number of units produced. The interest rate environment is volatile, resulting in higher refinance mortgage volume. The 30-year fixed-rate mortgage rose slightly to 6.86%, but remained under 7% for the 17th consecutive week.
May 19, 2025 8:00 AM
— Interest Rates
What Moody’s downgrade of U.S. credit rating means for your money
Moody’s decision to downgrade the U.S. credit rating is expected to increase the cost of borrowing, impacting consumer loans like mortgages, credit cards, and personal loans. The downgrade puts pressure on bond prices, leading to higher yields. The increase in interest rates is attributed to the federal government’s budget deficit and economic uncertainty due to President Trump's tariff policy.
May 19, 2025 6:00 AM
— Interest Rates
Global Bond Audience is Booing US Fiscal Performance
Moody's announcement of the US credit rating cut led to minimal impact as the market was already aware of the issues. The real concern lies in the lack of a sustainable fiscal path for the US government.
May 19, 2025 3:01 AM
— Interest Rates
Best money market account rates today, May 19, 2025 (Earn up to 4.41% APY)
The article discusses money market accounts and how they can offer better returns compared to traditional savings accounts. It explains how their rates have fluctuated due to changes in the Federal Reserve's interest rates over the years, mentioning the impact of events such as the 2008 financial crisis and the COVID-19 pandemic. It emphasizes the importance of comparing various factors, aside fro... more
May 19, 2025 3:00 AM
— Interest Rates
Mortgage and refinance interest rates today, May 19, 2025: Rates decrease in the short term
Current mortgage interest rates are down according to Zillow data, with the average 30-year fixed mortgage rate at 6.77% and the 15-year fixed rate at 6.03%. This trend of decreasing and increasing rates is expected to continue, with rates hovering around mid-to-upper 6% range for 30-year loans and near 6% for 15-year loans. It is recommended that individuals not wait for rates to fall further bef... more
May 18, 2025 6:01 AM
— Interest Rates
Best CD rates today, May 18, 2025 (lock in up to 4.4% APY)
The article provides information on how to earn higher interest rates through certificates of deposit (CDs) by locking in rates with different types of CDs. It explains how interest rates vary across financial institutions and provides examples of how much one can earn with different APY rates on CDs. It also mentions different types of CDs available, such as bump-up CDs, jumbo CDs, brokered CDs, ... more
May 18, 2025 5:02 AM
— Interest Rates
Best money market account rates today, May 18, 2025 (best account provides 4.41% APY)
This article discusses the current state of money market account rates in 2024, highlighting the effects of the Federal Reserve cutting its target rate three times. It emphasizes the importance of comparing MMA rates to maximize earnings, provides examples of how different interest rates impact savings over time, and offers recommendations for opening high-yield money market accounts. The article ... more
May 17, 2025 5:01 AM
— Interest Rates
Best high-yield savings interest rates today, May 17, 2025 (earn up to 4.44% APY)
The article discusses how savings interest rates have fallen due to the Federal Reserve cutting its target rate, but some banks are still offering high interest rates on savings accounts. It explains how much can be earned with different interest rates and compounding frequencies, as well as the benefits of high-yield savings accounts and CDs.
May 16, 2025 3:01 AM
— Interest Rates
Federal debt isn't some abstract, distant problem, as mortgage borrowers may soon find out
The article discusses how government overspending and increasing government debt can impact bond returns and interest rates, including mortgage funding costs. It highlights the potential implications of the U.S. government defaulting on its debt and how it could affect Canadian interest rates and mortgage rates. The author emphasizes the need for fiscal responsibility and efficiency to address bud... more
May 15, 2025 1:00 PM
— Interest Rates
Lenders in limbo: mortgage rates dance without direction
The article discusses how borrowing costs have been stagnant due to uncertainty regarding which outcome of the trade war will impact interest rates more: an economic downturn or an increase in inflation. Lenders are making shifts as they await more clarity next month when tariff effects begin showing up in data. The bond market is pricing in the possibility of two more Bank of Canada rate cuts in ... more
May 14, 2025 9:55 AM
— Interest Rates
Trade war personal finance update: A ‘how much should you worry’ guide to stocks, mortgage rates, the dollar and more
The article discusses the impact of the trade war on various aspects of personal finance, including the stock market, interest rates, job market, and mortgage rates. It notes that while the stock market has recovered and interest rates are relatively stable, mortgage rates have been edging higher in recent weeks. This is due to uncertainty in the bond market, which is influenced by inflation, econ... more
May 13, 2025 1:00 PM
— Interest Rates
Mortgage Rates Hold Fairly Steady After Inflation Data
The article discusses the release of the Consumer Price Index (CPI) and its impact on mortgage rates. Higher inflation generally leads to higher interest rates, but today's CPI data was affected by uncertainties surrounding tariffs and trade deals. The report came in lower than expected, which did not have much of an impact on rates. However, despite this, average mortgage rates have increased sli... more
May 13, 2025 8:00 AM
— Interest Rates
Best money market account rates today, May 13, 2025 (Earn up to 4.41% APY)
The article discusses money market account rates and how they have fluctuated over the years due to changes in the Federal Reserve's target interest rate. After the 2008 financial crisis, rates were kept low to stimulate the economy, but have since risen to historically high levels in 2022 and 2023. In 2024, rates began to decline following the Fed's rate cuts. Today, online banks and credit union... more
May 13, 2025 8:00 AM
— Interest Rates
Best high-yield savings interest rates today, May 13, 2025 (Earn up to 4.30% APY)
The article discusses how savings account interest rates have fluctuated over the past decade in response to actions taken by the Federal Reserve. Despite interest rates rising in recent years, the average savings account rate remains low compared to other investments. High-yield savings accounts are ideal for short-term goals, such as saving for a down payment on a home, as they provide competiti... more
May 13, 2025 8:00 AM
— Interest Rates
Best CD rates today, May 13, 2025 (Lock in up to 4.40% APY)
The article discusses the history of CD rates, noting that they have fluctuated over the years due to economic conditions and the Federal Reserve's actions. It mentions that CD rates are currently declining after the Fed's decision to cut the federal funds rate, although they remain relatively high compared to historical standards. The article emphasizes the importance of considering various facto... more
May 13, 2025 3:00 AM
— Interest Rates
High-Yield Savings Rates Today: May 12, 2025 | Earn Up To 4.40% APY
The article discusses how the Federal Reserve is keeping interest rates steady, which is benefiting savers by keeping high annual percentage yields on savings accounts well above 4 percent. This has been the case for over two years, with opportunities for high yields on savings accounts, money market accounts, and certificates of deposit. The highest savings account rate is 4.40 percent APY, offer... more
May 12, 2025 2:27 PM
— Interest Rates
Most economists expect rate cuts after July: Wolters Kluwer
Economists predict that the Federal Open Market Committee will reduce short-term rates in 2025, with a consensus average of a 60 basis point reduction. The report found that mortgage rates have increased, with the 30-year fixed rate at 6.97%. The survey also showed concerns about the impact of tariffs on the economy and potential inflation. While short-term rates do not directly impact mortgage ra... more
May 12, 2025 2:00 PM
— Interest Rates
Mortgage Rates Jump to 2 Week Highs After US/China Trade Talks
The article explains that tariffs and trade policy have impacted the bond market, which in turn affects mortgage rates. The reaction of mortgage rates to trade policy can be complicated, as it can influence rates in opposite directions depending on factors such as economic growth and inflation. With the recent agreement between the US and China on a tariff pause, there is some relief in concerns a... more
May 12, 2025 3:00 AM
— Interest Rates
Best money market account rates today, May 12, 2025 (Earn up to 4.41% APY)
The article discusses money market accounts and how their rates have fluctuated over time due to changes in the Federal Reserve's target interest rate. It mentions that rates have been falling in recent months but that it is still possible to find MMAs that pay more than 4% APY. It explains that MMAs are ideal for holding long-term savings that you want to grow but still need to access. The articl... more
May 11, 2025 1:00 PM
— Interest Rates
Best money market account rates today, May 11, 2025 (best account provides 4.41% APY)
The article discusses how the Federal Reserve has cut its target rate three times in 2024, leading to a decrease in deposit rates, including money market account rates. It emphasizes the importance of comparing MMA rates and finding accounts with high rates to earn more interest. The article provides examples of how the amount of interest earned in a money market account can vary based on the APY,... more
May 11, 2025 1:00 PM
— Interest Rates
Best CD rates today, May 11, 2025 (lock in up to 4.40% APY)
The article discusses the current state of CD rates and offers advice on how to choose the best CD for your savings. It mentions that historically, longer-term CDs offered higher interest rates but in today's economic climate, the opposite is true. The highest CD rate currently is 4.40% APY, offered by Marcus by Goldman Sachs on its 14-month CD. It explains how interest is earned on CDs and provid... more
May 11, 2025 12:00 PM
— Interest Rates
Best high-yield savings interest rates today, May 11, 2025 (best accounts offering 4.36% APY)
The article discusses how the Federal Reserve has cut its target rate three times in late 2024, leading to falling savings interest rates. The national average savings account rate is currently at 0.41%, with the highest rate being 4.36% APY offered by VIO Bank. It emphasizes the importance of taking advantage of high-yield savings accounts to maximize earnings. The article also explains how the a... more
May 10, 2025 3:00 AM
— Interest Rates
Mortgage Rates Barely Lower to End The Week
The average top tier 30yr fixed mortgage rate is slightly lower today compared to yesterday or the end of last week. The improvement in rates today may be a result of trade-related headlines suggesting ongoing negotiations between the US and China. However, overall movement in the market is minimal. Looking ahead, mortgage rates will likely be influenced by inflation data next Tuesday and any sign... more
May 9, 2025 10:00 AM
— Interest Rates
Ginnie Buydown Changes Tackle Just Tip of Iceberg
The article discusses current trends in mortgage rates and their impact on home buyers. It notes that mortgage rates have been rising steadily, reaching their highest levels in years. This increase in rates has led to higher monthly payments for home buyers, making it more difficult for some to afford homes. The article suggests that prospective buyers should act quickly to take advantage of lower... more
May 8, 2025 6:00 AM
— Interest Rates
Federal Reserve holds interest rates steady: What that means for credit cards, auto loans, mortgages and more
The Federal Reserve has decided to keep interest rates steady due to uncertainty caused by President Donald Trump's tariff policies and weakening economic growth. This decision has resulted in high borrowing costs and prices for consumers, as the rates on most consumer loans remain elevated. Mortgage rates, which are indirectly related to the Fed, have slightly decreased due to concerns over tarif... more
May 8, 2025 5:57 AM
— Interest Rates
Bank of England cuts interest rates to 4.25%, as governor welcomes US tariff deal news
The Bank of England has cut interest rates to 4.25%, the lowest since May 2023, in an effort to boost spending by making borrowing, including mortgages, cheaper. This decision was met with a divided committee, as some members wanted a bigger cut or no change at all. The lower rate is expected to have an immediate impact on home loans, with nearly 600,000 homeowners on tracker deals seeing their mo... more
May 8, 2025 3:00 AM
— Interest Rates
Fed Skips Another Interest Rate Cut, Warns Of ‘Potential’ For Stagflation
The Federal Reserve voted to keep interest rates steady, signaling more concern about inflation than a recession. This decision will maintain the key interest rate that affects borrowing costs near a decade-plus high. Home buyers may face higher mortgage rates, as adjustable-rate mortgages are influenced by this rate. However, savers can benefit from competitive returns on savings accounts due to ... more
May 7, 2025 5:00 PM
— Interest Rates
Fed holds interest rates steady as the central bank weighs impact of Trump tariffs
The Federal Reserve has decided to keep its benchmark interest rate unchanged at 4.25% to 4.5% despite pressure from President Trump to lower borrowing costs. The Fed cited economic risks, particularly related to Trump's tariffs, as a reason for maintaining the current rate. There are concerns that Trump's tariffs could lead to higher inflation and unemployment, which could impact the Fed's dual m... more
May 7, 2025 4:00 PM
— Interest Rates
Interest rates: Cut expected by the Bank of England
The Bank of England is expected to cut interest rates to 4.25% which would make borrowing money cheaper for businesses and individuals. This would be the fourth rate reduction since last year's peak of 5.25%. Mortgage rates have already been falling in anticipation of the rate cut, but further drops are not guaranteed. Fixed-rate mortgage holders may see lower monthly repayments if the base rate i... more
May 7, 2025 3:00 PM
— Interest Rates
Just as Underwhelming as Expected
The article discusses how Federal Reserve Chairman Powell reiterated uncertainty about the future of mortgage rates during a recent press conference. Despite this, mortgage rates have remained relatively stable, with 10-year yields down slightly and MBS up slightly. The article suggests that there is no excitement in the market and that there has been no significant change in rates following the F... more
May 7, 2025 2:00 PM
— Interest Rates
Fed Holds Rates Steady. Here's How it Impacts Mortgage Rates.
The Federal Reserve announced that it is holding the federal funds rate steady at 4.25% to 4.5%. This decision will lead to lower borrowing costs on credit cards and personal loans. Mortgage rates are expected to drop slightly as a result of the decision to keep rates steady. The impact of tariffs on inflation and unemployment will be closely monitored by the Fed. Experts expect the Fed to keep ra... more
May 7, 2025 1:00 PM
— Interest Rates
Fed chair Jerome Powell cites 'uncertainty' as central bank holds key rate steady
The article discusses the Federal Reserve's decision to keep interest rates unchanged amid concerns about inflation and recession risks due to President Trump's tariffs. The Fed is in wait-and-see mode, monitoring the impact of tariffs on the economy. While the Fed did not indicate any immediate plans to lower rates, it acknowledged growing concerns about the risks posed by the import fees. The ar... more
May 7, 2025 8:00 AM
— Interest Rates
Not Expecting Fireworks From The Fed
The article discusses the fluctuations in bond markets and Fed Funds Rate expectations leading up to Powell's press conference. It mentions the possibility of rate cuts due to economic uncertainties, but also highlights inflation-related uncertainty. The article suggests that Powell may not be able to make any significant changes to interest rates at the moment. Despite this, the market may still ... more
May 7, 2025 5:00 AM
— Interest Rates
When will interest rates go down again and how do they affect mortgages?
The article discusses the likelihood of the Bank of England cutting interest rates in the near future, with potential further cuts expected throughout the year. Interest rates impact mortgage rates, credit card rates, and savings rates for millions of people. Currently, mortgage rates are still relatively high compared to previous years, with many borrowers facing increased costs when their fixed-... more
May 6, 2025 6:00 PM
— Interest Rates
China announces sweeping measures to ease policy in bid to shore up trade-war hit economy
China's central bank and financial regulators announced policy steps including interest rate cuts to bolster the economy amid trade worries. The measures include reducing mortgage rates for first-time homebuyers by 25 basis points. These measures may have limited impact on boosting credit demand as borrowing has been insensitive to interest rates. China is also preparing more measures to support s... more
May 5, 2025 5:00 AM
— Interest Rates
When does the next Fed meeting take place?
The article discusses the recent actions of the Federal Open Market Committee (FOMC) in adjusting the federal funds rate, including a series of rate cuts in 2024. It also highlights the upcoming FOMC meeting in May 2025, where experts expect the Fed to hold the rate steady. The article suggests that home buyers should consider locking in high rates for CDs, refinancing fixed-rate loans, and timing... more
May 3, 2025 5:00 AM
— Interest Rates
Trump just said there's 'no inflation' in the US. But it's still higher than what the Fed wants.
President Donald Trump has been advocating for the Federal Reserve to cut interest rates, citing improvements in the economy such as lower gas prices, groceries, energy, and mortgage rates. However, despite Trump's claims, consumer prices have still been rising and inflation remains above the Fed's target of 2%. Mortgage rates have indeed decreased, but other statistics shared by Trump, such as ga... more
May 2, 2025 2:00 PM
— Interest Rates
Investor Demand for MSRs Expected to Remain Elevated
The article discusses how mortgage rates have been on the rise, reaching the highest levels in years. This increase in rates is expected to impact home buyers, making it more expensive to purchase a home. As a result, potential buyers may have to reconsider their budgets or search for more affordable housing options. The rise in mortgage rates is attributed to various factors, including inflation ... more
Apr 28, 2025 9:38 AM
— Interest Rates
High-Yield Savings Rates Today: April 28, 2025 | APYs Are Expected To Stay Elevated
The article discusses the impact of President Trump's urging of the Federal Reserve Chair to lower interest rates on the stock market. However, the Chair indicated that rates will only be lowered when the economy is ready. This is good news for high-yield savings accounts, as yields may stay high for a while longer. The top yields on savings accounts currently exceed 4 percent APY. BrioDirect's hi... more
Apr 27, 2025 9:37 AM
— Interest Rates
China may make a ‘retaliatory’ move that experts say will ‘hit' US homeowners 'hard.' Here's what's happening
Mortgage rates are climbing due to a sell-off in U.S. Treasury bonds, which could be exacerbated by a sell-off in China. This could lead to higher mortgage rates for homebuyers, especially those with variable-rate mortgages. Rising rates could also lead to a reduction in demand and lower housing prices, potentially causing some buyers to be priced out of the market. Lenders may also tighten lendin... more
Apr 25, 2025 3:51 AM
— Interest Rates
Home costs fell in March, but will it last?
Stable interest rates in March led to an increase in housing affordability for buyers, with the median monthly payment decreasing. However, in April, mortgage rates have been on the rise, potentially impacting home sales activity. Rising home prices have led to an increase in the number of cities where starter homes cost over $1 million. Despite this, more homes are entering the market, giving buy... more
Apr 7, 2025 5:01 AM
— Interest Rates
How Trump's wild tariff ride has changed mortgages
President Trump's tariff decisions are causing uncertainty in the mortgage industry, with mortgage rates increasing as a result. This has a direct impact on home buyers, as they have seen fluctuations in mortgage rates based on the president's tariff strategy. The article also discusses various legal battles and budget cuts within the industry, as well as initiatives to attract and support top tal... more